China, US show goodwill ahead of new talks

Recent engagement between China and the US on trade practices is creating favorable conditions to bring them back to the negotiating table, which also shows that they are trying to meet each other halfway and are making efforts to resolve issues of mutual concern, experts said on Friday. The face-to-face talks between deputy trade negotiators in Washington, which resumed after nearly two months, have created a foundation for the next round of talks in October, they noted.

William Jones: U.S. legislators grovel before Hong Kong 'activists'

The high point of this week's U.S. trip by the Hong Kong "activists," who have been leading elements in what has been months of destruction of the economy and the infrastructure of Hong Kong and has almost brought business and tourism to a virtual halt, was a "hearing" on Capitol Hill sponsored by the Congressional-Executive Commission on China (CEEC). The CEEC was set up as a "watchdog" on Chinese activity when the Clinton administration succeeded in getting Congress to grant Permanent Trade Status passed for China in 1999, a prerequisite for China's entry into the WTO. So hearings in the CEEC always involve a clear anti-China bias.

China adapting to a new normal with the US

China and the US restart trade consultations at the end of this week. Whether or not negotiators for the world's two largest economies reach a final deal, Chinese people are adapting to a new normal of China-US relations, which is more competitive than cooperative. The country seems to be using this chance to deepen reform, or at least to lower its reliance on the US and prepare for an era of "decoupling." A serious decline in mutual trust between China and the US is a significant change and many Chinese scholars believe it is impossible to return to the bilateral relationship before the trade war when the two countries were increasingly intertwined despite competition.

Making mascots come to life

Guan Zhaoyu & Zhang Tingting：After Li’s Russia visit, ties eye new avenues

Premier Li Keqiang was on an official visit to Russia from Monday to Wednesday. On Tuesday, Li and his Russian counterpart Dmitry Medvedev co-chaired the 24th regular meeting between Chinese and Russian heads of government. Li said in an interview published in a Russian newspaper on Monday that China and Russia will raise bilateral cooperation to a higher level. Li's visit to Russia epitomizes China-Russia relations in the new era, pointing the way to the two countries' future cooperation.

He Weiwen: Can China weather a long trade war?

A couple of good gestures from both China and the United States over the past week, along with the imminent resumption talks, have given the world stock markets a strong boost. The market regards the moves as a silver lining in the protracted trade war between the world’s two largest economies. The U.S. tariffs on Chinese goods and China’s counter-tariffs on U.S. goods have covered virtually all goods in the countries’ bilateral trade regime. Direct harm and indirect uncertainties for both economies, and even the global economy, have been developing.

Ding Gang: The road to sustainable peace in Asia

It was around 10 pm when I found myself on a bus leaving Gimhae International Airport for downtown Busan in South Korea. The roads of the city that became famous in Asia for hosting the 2002 Asian Games, were brightly lit up. A bridge spanning the Nakdong River was festooned with colorful lights. Coming across such a site, not many would be able to dredge up the fierce war that took place there about 70 years ago.

Wan Zhe: Contest of structural transformation

Root cause of the trade war lies in the discomfort caused by the structural adjustment of China and the US. Behind the Sino-US trade dispute is the contest between the structural transformation between the two countries. The root cause of the trade friction lies in the discomfort caused by the two countries' structural adjustment. The Sino-US trade war, in the short term, will be painful for both the US and China. China fully understands this. But it is working hard to survive the short-term pain and embrace the long-term benefits. After all, whoever wins this structural transformation, wins the future.

Liu Zongyi: Kashmir issue proves India unqualified for UN Security Council seat

Through a presidential order, the Indian government on August 5 scrapped Article 370 of Indian Constitution, which granted special status to the India-controlled Kashmir. The move means the region, an internationally recognized disputed territory between India and Pakistan, was forcibly transformed into alleged Indian territory by New Delhi. This is unacceptable to Pakistan and has triggered a serious confrontation between the two countries.

China, US mid-level talks another positive sign, bring 'fresh air'

China announced on Tuesday that it would send a delegation led by Vice Finance Minister Liao Min to the US for trade talks at the invitation of Washington, another move that analysts say sends positive signals ahead of high-level negotiations planned for October. At the invitation of the US, Liao will lead a delegation to Washington on Wednesday for a preparatory meeting with the US side ahead of the 13th round of bilateral trade talks, set for October, the Chinese Ministry of Commerce (MOFCOM) said in a statement on Tuesday.

Chen Dingding: One year into the US-China trade war, Trump is still far from winning

Capturing the world’s attention, the U.S.-China trade war has been going on for more than a year now, and yet we still cannot see an end to it. Recently, China allowed its currency to depreciate to the lowest level in a decade, simultaneously announcing that its companies will stop purchasing American agricultural products. In response, the Trump administration further escalated the situation by officially calling China a currency manipulator.

HK official slams Moody’s outlook change

Finance Secretary of the Hong Kong Special Administrative Region (HKSAR) Paul Chan hit back at Moody's revision of Hong Kong's credit outlook as lacking factual support, hours after the US rating firm changed the city's credit outlook, downgrading it from "stable" to "negative." The swift pushback took place as Hong Kong's monetary authority on Monday sought to allay concerns over the city's financial security, as foreign companies, including ratings agencies and hedge funds, seem to be poised to take aim at the global financial hub, which is grappling with months of political unrest.

Wang Wen: China’s rise, diamond doesn’t know its worth

I have often been invited to seminars abroad and give keynote speeches in recent years, and was occasionally remunerated, which surprised me at first but then I gradually got used to it. A decade or two ago, if invited to international seminars, Chinese scholars would usually be busy applying for financial aid from schools. But over recent years, some active Chinese scholars have been frequently invited by international organizations that will pay for their travel, accommodation and other expenses, and sometimes even offer them remuneration as well as a first-class round trip.

William Jones: If Congress has its way, U.S. commuters will have to take the bus

It seems as if the U.S. Congress is determined not to allow any major infrastructure development in the United States, in the near future at least. Lawmakers have tagged on a proviso to the pending U.S. defense bill which would ban the use of federal funds by transit agencies for the purchase of Chinese rail cars made by Chinese state-owned companies. And for the debt strapped states and cities, the Federal support they receive for such expenses as mass transport is a must. A more draconian Senate version of the bill also includes buses produced by Chinese-owned companies.

China’s supply of oil stable after attack on Saudi Aramco

China's oil supply remains stable despite the Saturday attack on Saudi production facilities that sent oil prices soaring and would further interrupt global supplies, as the country has made increased efforts to diversify imported sources and boost the development of new energy, analysts said on Monday. The impact of the attack on Aramco oil facilities was reflected in soaring oil prices on global markets on Monday.

Expert: China-U.S. ties are too big to fail

Wang Wen, executive dean of the Chongyang Institute for Financial Studies under Renmin University of China, said at the forum that trade friction is only a small part of China-U.S. ties and both countries should adapt themselves to normal competition.

Companies return to Hong Kong IPOs

The gradually stabilizing situation in Hong Kong is one reason that companies are resuming IPOs on the Hong Kong bourse, analysts said on Sunday. The gradually stabilizing situation in Hong Kong is behind the return of these IPOs, said Liu Ying, a research fellow at Renmin University of China's Chongyang Institute for Financial Studies.

HK, London markets eye merger

Hong Kong Exchanges and Clearing (HKEX) made an abrupt announcement on Wednesday that it intends to merge with London Stock Exchange Group, a move that could link the financial markets in the mainland, Hong Kong and London more closely, experts said.

Bolton exit marks failure of 'maximum pressure'

US National Security Advisor John Bolton has left the Trump administration as both US President Donald Trump and Bolton himself tweeted on the topic on Tuesday, prompting gleeful Chinese internet users to poke fun at the hawk's exit while experts declared the departure proof of the failure of US "maximum pressure."Diao Daming, a US studies expert and an associate professor at Renmin University of China in Beijing,he indicated that "Bolton had limited influence in the Trump administration's decision-making on policy toward China. But at least his exit marks the failure of the administration's frequent 'maximum pressure.'"

Ding Gang: ‘Balance of power’ a strategic trap for India

While scholars in the US and India generally believe that a full alliance between the two sides is unlikely, the two countries can still reach a general consensus on balancing the rise of China, since it is in their common interest. In reality, balance of power is usually utilized by a certain powerful country to make coalitions or military alliances to counter its rivals.